Ubcoin is an extension of Ubank's experienced company from 2009. The company is engaged in the application of smartphones under the name Ubank. Ubank is an advanced application that will allow users to make purchases and sales of real-world goods by using coin digital cryptocurrency. Ubank's app has been widely used by well-known brands like Samsung and Fly who have pre-installed Ubcoin products.
Ubcoin goal is to empower consumers worldwide to invest in crypto and to enjoy the purchasing power of their crypto investment by creating the Ubcoin digital market where they can freely and securely buy and sell goods for UBC cryptocurrency. These objectives are based on market opportunities that have been analyzed by the Ubcoin development team, that;
The development of digital shopping activities is increasing evenly throughout the world.
The number of digital buyers worldwide is projected to surpass 2 billion people by 2020.
The Ubcoin team predicts the online shopping share of total global retail sales will surpass 15%.
The development of online shopping is increasing every year compared to traditional offline stores.
Buyers are also increasingly moving toward smartphones versus desktop spending, as smartphone growth will increase globally to 37% of the world's population.
The development of the smartphone wallet is growing and it is the dominant format for crypto wallet available in Ubank application.
Ubcoin Market Products
Ubank is a decentralized smart application that will make it easier for its users, as it is supported by blocked Ethereum and UBC exchange cryptocurrencies, enabling this effort with smart contract peer-to-peer to buy and sell goods:
Sellers are interested in receiving cryptocurrency for their merchandise. Utilities as payment + Vehicle investment = digital currency mass adoption
Buyers are aware of the acquisition of cryptocurrency investment and purchasing power, but avoid pain and risk switching between crypto and fiat currencies;
Smart contracts ensure that transactions run smoothly, safely, workable, transparent, and decentralized.
The smart contract technology enables Ubcoin Market, to ensure the security, execution, persistence, and verification of transactions, successfully facilitating peer-to-peer transactions. Ubcoin's market products are based on several key components;
Cryptocurrency mass adoption. We promote the mass adoption of digital assets that are a means of settlement and investment vehicle, thereby enlarging benefits for all parties to everyday buying and selling interactions.
Peer-to-peer interaction. Reduce as many intermediaries as possible from the value chain. This platform facilitates the implementation of intelligent contracts between independent parties. The Ubcoin market has no merchandise for sale, there is no weight in its search results, and it protects the smart contract justice.
The legal market. We pay special attention to ensure the validity of goods and services sold in the Ubcoin market. We are developing advanced AI technology to help pre-screen seller post for any potential violation of reason, morality, security and good care. The transparency and verification of the seller's pro file will be highly encouraged and promoted.
Decentralized transactions and settlement. Blockchain enables decentralized initiation, completion and fulfillment of transactions. Immediate payments are made on the basis of smart contracts made with care.
The interface is perfect. Our interface design delivers a harmonious and seamless global shopping and sales experience. We will strive to open our APIs to communities to develop the best adaptation of platforms for the specific local needs of the global community.
Open community. Some transactions may, in the future, require additional KYC / AML procedures for the execution of smart contracts for certain types of transactions involving third-party providers (ie shipping companies, couriers, notaries). The Ubcoin platform envisions unlimited involvement from these parties.
Ubcoin is a new set of features, a logical next step in Ubank's development, a leading mobile payment application in Eastern Europe that has been used by millions of people. This app can be found on Google Play and the App Store that can be controlled via the user's smartphone.
